Barrick Capex And Free Cash Flow – Look Better In The Near Term

In its Q1 report, Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) indicated that it may need to reassess the long-term gold and silver price assumptions used in its most recent annual impairment test should metal prices remain at lower levels for an extended period of time. As a result of recent and continued significant declines in gold and silver prices, and the delay in first gold production, Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) is conducting impairment testing. Preliminary analysis indicates an after-tax asset impairment charge in the range of approximately $4.5B-$5.5B in Q2 for the Pascua-Lama project.

Newcrest Mining Takes A Bullet On Gold,...